NRC points up for grabs as championship heads into fourth round

first_img Tags: Christaki FitidisJas MangatNRC Hassan Alwi won last years race in Fort PortalWith thirty nine (39) points separating NRC leader Jas Mangat from second placed Unisan Bakunda and only sixty (60) points from Christakis Fitidis, who is in third place, the fourth round race of the season promises to be thrilling.Jas Mangat and Joseph Kamya made a late withdrawal from the race this weekend. Team driver Mangat cited illness for his sudden decision to pull out.“My driver (Mangat) has been unwell. We thought he would be fine before Fort Portal rally, but it wasn’t the case. So we had to withdraw,” said Joseph Kamya.The Pilipili Rally Team’s absence in Fort Portal is anticipated to cause a shift in the NRC title chase with either a new leader or fewer points’ difference.Arthur Blick and Noella Blick have pulled out of Fort Portal rally just a day to the event.Aurther Blick will not take part in this weekend’s raceThe Shell sponsored crew revealed that their newly acquired Mitsubishi Evo X lacked several spare parts. Hence not fit to face the Fort Portal challenge.Now a more breathtaking race is assured this weekend with crews fighting for that top position. Key will be closing in on the championship chase.Unisan Bakunda will be at the edge of the competition for the top spot which could give him a chance to take the championship lead.Reigning National Rally Champion Christakis Fitidis who has just sealed a sponsorship deal with Oryx Energies, Susan Muwonga, Kepher Walubi all stand a chance to claim the lead too but only after finishing second or better.Hassan Alwi will start car number one on the road followed by Unisan Bakunda before Christakis Fitidis in third.The Two-wheel drive category will also produce its own fight between current leader Edwin Kalule and Timothy Gawaya among others.Winners of the first three round.-Mbarara – Jas Mangat-Jinja – Jas Mangat-Masaka- Posiano LwakatakaNRC top ten ahead of Fort Portal rallyJas Mangat/Joseph Kamya 200pointsUnisan Bakunda/Umar Kakande 161ptsChristakis Fitidis/Eric Nzamwita 140Susan Muwonge/Edmond Kyeyune 110Kepher Walubi/Anthony Mugambwa 105Ponsiano Lwakataka/Sam Mugisha 95Ashiraf Ahmed/Edward Kiyingi 908.Duncan Mubiru/Musa Nsubuga     759.Fred Wampamba/Paul Musaazi    6510.Hassan Alwi/Enoch Olinga         50Comments last_img read more

Charter to improve healthcare

first_img12 July 2005The government has introduced a draft health charter aimed at improving access to and quality of healthcare in the country, as well as raising black economic empowerment in the sector.“We must ensure our health system reflects the diversity of our society and meets the various health care needs of the total population of South Africa,” said Health Minister Manto Tshabalala-Msimang at Monday’s presentation of the charter.The document was compiled by a task team with representatives from both the public and private health sectors.Currently, the minister said, inequalities in health services meant the health and life expectancy of the poor were far worse than those of high-income groups.The state spends R33.2-billion on health care for 38-million people, while the country’s private sector spends some R43-billion servicing 7-million people.Some 15% to 20% of the population have excellent access to health services, while 75% to 80% of South Africans have limited or no access.“Due to our sad history, access to and distribution of health care and ownership of health establishments remain grossly unequal,” Tshabalala-Msimang said. “We cannot remain silent about this issue.”The vast majority of South Africans are disadvantaged because of their race, gender and economic status, she said. For this reason, the minister hoped that the charter would be implemented to significantly rectify the wrongs of the past.“The charter requires us to achieve the most efficient use of resources in the health sector, to adequately address the health needs of South Africans,” Tshabalala-Msimang said.Medical aid unaffordableShe also highlighted that medical aid schemes had become increasingly unaffordable, resulting in a widening gap in healthcare access between high-income and middle-income groups.Another area of major increase in expenditure by medical schemes is non-health items such as scheme administration fees (at R4.5-billion in 2003), managed care initiatives (R1.1-billion) and brokers’ fees, which increased by 64% from R354-million in 2002 to R581-million in 2003.The draft health charter also emphasises another kind of equity – that of service provision, ownership and control.BEE targetsIt requires the development of a human capital programme that plans for and meets the human resource requirements of the country over the next 15 years.“We have put together programmes for the broader representation of historically disadvantaged groups, including women and people with disabilities, in the workplace,” said the minister.The proposed targets are that, across the value chain, 60% of the workforce should be black and 50% women by the year 2010. The aim is to increase these figures to 70% black and 60% women by 2014.The document proposes that there be 26% ownership and or control by black people, a process to start immediately.By 2010, each business in the healthcare sector should at least be 35%-owned and or controlled by black people, while equity ownership by black people should increase to 51% by 2014.The terms of the draft charter were well received by health sector stakeholders. However, they have requested that some technical adjustments be made. These and other submissions are to be put to the National Department of Health by 15 August.Tshabalala-Msimang will present the document to Cabinet by the end of August or beginning of September.Source: BuaNews Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

What3Words and Gateway are creating a safer community

first_imgUsing an innovative global mapping system, a British company is helping to bring healthcare to some of South Africa’s most difficult-to-find places.plans.backer.toned. An example of a rural KwaNdengezi address using what3words. (Image: what3words)Sulaiman PhilipKwaNdengezi, outside Durban, is a community of 54,000. It is a collection of brick buildings and self-built homes of zinc sheeting, recycled bricks and wood. What roads do exist do not have names and unless you live in the sprawling 14km² township, it is easy to get lost.Thembinkosi Lesley Dladla, an Emergency Management Rescue Services (EMRS) shift supervisor, explained: “As an EMRS [officer], my work doesn’t have any boundaries – we work the whole of Durban. It’s very difficult in the townships, because they don’t have road names written, and they also don’t have house numbers.”Ambulances can take hours to reach patients. Often a whole day will pass before an ambulance can find patients. They, as well as community health workers, have to rely on residents to give them directions. For the community, descriptive directions are the easiest ways to navigate the chaotic streets of the township.Take the directions Dladla gave to the Gateway blog, for example: “Take a left at the church, then right at the school and it’s a red door.” These can be misunderstood or misremembered, require detailed local knowledge and take a long time to explain. There are also no street lights, so using landmarks to find your way is almost impossible at night.Gateway and what3wordsA local health NGO, Gateway Health Institute, is piloting a project in KwaNdengezi that will map the entire township. For the first time residents will have an address they can use when calling for medical help.The NGO is using what3words, a global online mapping system, to create unique addresses for the township. The system breaks the globe into a grid of 57 trillion 3m x 3m squares. Each has a pre-assigned and fixed three-word address.Gateway’s fieldworkers helped residents identify their locations on a satellite map and then printed their three-word addresses on plastic signs that were attached to their homes. The addresses are registered in a database, and the NGO is able to identify what medical services are needed where. The mapping service has helped to increase the number of pregnant women receiving home visit antenatal care. When medical help is needed it can be dispatched to a mapped location and ambulance crews know where to go to provide life-saving assistance.Residents are known to keep copies of their what3words addresses in their bibles. (Image: What3words)Beyond providing addresses to homes in KwaNdengezi, Gateway is also mapping community assets such as local government centres, clinics and pumps that provide clean drinking water. The aim is to build a detailed map for the residents that can be used by businesses and the government to improve the lives of the community.The project was begun by Dr Coenie Louw, founder and director of Gateway. “For those living in informal settlements and rural areas, ‘location’ presents the biggest challenge in providing health services and products. In these areas demand is high but delivery is poor. What3words changes all that. By providing every property with a unique address, residents now have a simple and reliable way to identify their homes.”Addressing a problemGateway runs community health services in disadvantaged communities across the country. The most important medical services it offers are delivery of medicines and emergency transport for women in labour: 50% of births in KwaNdengezi take place at home; before the project began an ambulance could take up to four hours to reach a woman in distress.At first, Louw tried using phone masts to triangulate locations but he found that location could be up to 3km from a person needing assistance. “I spent two years trying to find a way to actually pinpoint the location of a pregnant woman in distress.”Dr Coenie Louw, founder of Gateway Health Institute, introduced what3words to KwaNdengezi. (Image:what3words)What3words is the perfect solution, which Louw found while doing internet research. A three-word address is perfect in areas such as KwaNdengezi because it is easy to remember and simple to share via message or SMS. What3words uses USSD technology and is a free download to any phone. It also works even if the resident does not have available data.Chris Sheldrick, CEO and co-founder of what3words told Gateway: “Helping them [Gateway] to overcome one of their most fundamental barriers for delivering these services is something we’re very proud of. Addressing these communities is the first step to improving their economic and social development, and indeed to changing lives.”The project is also being used to alleviate unemployment in the township — 11 previously unemployed youngsters were trained as fieldworkers to help residents identify their addresses and to help load location and health information on Gateway’s database.How what3words worksThe system is available in 14 languages and is used in 170 countries by NGOs, government services and businesses. In essence, every centimetre of the globe has a unique address that is easier to remember and communicate, is more accurate and is simpler to use than directions based on landmarks.marginal.cabin.gearbox is the what3words address for the Brand South Africa office. Neighbouring The Nelson Mandela Centre of Memory, a short walk away, is senior.blinks.punk. Similar word combinations are not placed close to each other. If you spell a word incorrectly, the system will give you suggestions for the best possible location.An estimated 4 billion people have no address. For these people it is impossible to open a bank account or get deliveries or, as in the case of the residents of KwaNdengezi, be reached in an emergency. What3words is designed to improve the lives of these people.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Capturing market carry

first_imgShare Facebook Twitter Google + LinkedIn Pinterest With too much supply in the U.S. and around the world, corn isn’t likely to move in the short-term without a big event.With 30 to 45 days of the major soybean producing areas of South American growing season left, there is still a lot of weather premium potential left in beans right now. Capturing market carryAfter Dec options expired on 11/24/17, it left me short several Dec future contract positions. Since Dec futures go off the Board of Trade soon, I have to move them to a future contract month. I want to make sure I maximize my market carry opportunities with these trades, but also consider practicalities, like when I will have to core my bins centers out. I selected March ’18 futures.Unfortunately many farmers don’t take full advantage of market carry. This is a shame, because it’s a relatively easy, low risk way to add profit to a farm operation. For me, market carry pays for my on-farm grain bins and then some. Following provides detail on how I will collect market carry on these recent trades and answers some questions farmers have on collecting carry. Trade 1 — Capturing the carry (Dec to March)When capturing market carry, I have to keep my position unchanged. In this case, I bought back the short Dec futures on 11/29/17, and sold the March futures at the exact same time, capturing the 14.5-cent spread. On a monthly break down this is 4.83 cents per month because Dec to March is a three-month trade move (14.5 / 3 months)Does it matter what futures are when this is done? No. This can trip up some farmers, but the only thing that matters is the spread. With March futures higher than Dec by 14.5 cents market carry, I buy the Dec futures back and sell March futures, I’m left with only the profit of the spread. This follows business rule #1, Buy Low/Sell High. In the end, my hedge is still in place and I capture the profits of the spread which is market carry. Trade 2 — Old Crop market carryI also moved my futures position for some 2016 corn I have stored and priced and will hold until 2018. Those hedges were in the Dec ’17 futures too, so I moved them to Mar ’18 as well and collected 14.5 cents on that trade as well.Why choose Mar ’18 versus another future month? There are several things to consider when selecting your carry month. Historical spread trendsMany would choose a summer month like July. However, when I analyzed the average monthly spread premium from Dec to July, a 7 month spread, it is currently paying 30 cents carry. To me this isn’t big enough. Because, over nearly the last year corn has paid nearly 5 cents per month when rolling one futures contract forward each time. This is likely a result of massive amounts of corn in storage in the US and around the world. In other words, the past year historicals indicates the spread between Dec and July should be closer to 35 cents. CommissionsWhile I want to maximize carry, it’s important to consider commissions too. Each time I move futures forward I pay one cent. So if I moved futures from March to May and then May to July, I could end up paying 3 cents extra in commissions to try and capture 5 cents of extra premium. That extra 2 cents of potential probably wouldn’t be worth the risk so it comes down to when I think I will actually move this corn. When I need to move cornRight now I’m not sure when I’ll be physically moving some or all of my corn, it could be winter, spring, or summer. If I move futures to July but then have to move some back to March or May because I end up physically moving some of my grain, I could lose one cent of commission.Unfortunately, much of my 2017 crop is still not fully priced. One cannot capture carry if they don’t have the crop sold. Thus I’m missing some opportunity. As time marches on, market carry opportunity decreases, so that always needs to be considered. If I had more of my crop sold, I may have consider a percentage against July futures at a 30-cent spread to reduce some risk. Letting options expire versus buying them backI recently mentioned how I let most of my options expire or get exercised. Several farmers said they didn’t know farmers could do that and wondered why I would want to do this.Usually, I let many of my options get exercised or expire worthless. Buying options back that have been sold previously costs half- to 1-cent in market premium and another 1half-cent in brokerage fees. Adding these additional premiums and fees to all of my trades erodes my profitability. For example, had I bought back all of the options discussed in last week’s commentary where I had seven trades in place actually involved about 20 different options. That means on 100,000 bushels the extra fees would have been close to $1,500. Since I was comfortable with any trade scenario happening, the extra fees and commission seemed like a waste. But what if my broker doesn’t charge for taking an option position off?If that’s the case, I would ask what the broker charged to put the position on in the first place. In my experience, if there is no cost by a broker to take an open position off, then the broker is already charging the farmer “round trip prices” upfront. I would recommend that a farmer negotiates with their broker to only charge half upfront and half on the backend, so that a farmer is only paying for what they need. A good rule of thumb for me is to minimize the number of trades in my hedge account to reduce lost premium as well as commission fees whenever possible. Lots of trading doesn’t always mean more profits. Why not try to get out of some trades at different times?I’m not very good at trying to time the market. When I’ve tried in the past, I’m usually disappointed in the results. However, when I make a plan and stick to it, my outcomes are much better. Since I have trades built around a number of possible outcomes on each trade, if I am patient and let the trades develop, I’m generally happy in the end.I’m not alone though. No one is an expert at timing the market on a consistent basis, despite the confidence of “experts” in trade. Those that have had some perceived success can become overly confident that they know something no one else does. In reality, these people may have just been lucky.I prefer to stick with my marketing plan that was developed and put in place long ago. I have no idea where the market will go, but my plan was designed for any market direction I might face. I continue to have trades in place for any possible market scenario going forward. I don’t like to try and guess what will happen next, because what if I’m wrong? Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]last_img read more

Metadata Retooled

first_imgGovernment Computer News is touting 2006 as the year for metadata  within government IT. They see collaboration and data interchange as two forces driving the demand.It’s not that metadata is something that’s new.  The concept of assigning data to describe other data has been around for a long time.  But we’re in the middle of a revolution now that has been jump-started by the wide-spread acceptance of data-exchange based on XML.  XML is a neutral format that flows well between applications. Web Services enabled by standards like XML and SOAP allow easy interchange of data and associated metadata between heterogeneous systems.  And new architectures using Service Oriented Architectures (SOA) have developed to help create the data-flow blueprints for enterprises.But not only has data and metadata become easier to transport, search and share, it’s also become easier create, and because of that it has become a powerful force in collaboration.  Examples are on-line blogging and collaboration services like Technorati, and Flickr. The rise of these services have transformed structured metadata assignment to something very free-form that’s called ‘tagging‘. Tags usually represent lists of a set of categories or keywords.In Formtek | Orion Access 5, we’ve augmented our structured metadata classes with the ability to make unstructured keyword assignments.  Search just becomes that more relevant and flexible.But it’s interesting to note that there’s always a clear need for good metadata management.  For example, Gartner brings up problems with allowing many users wide-open access to the creation of metadata.  The Gartner example is based on Microsoft’s metadata tagging capability to be built into the upcoming Vista operating system. With no one vetting the content of the tags being created, a company could get in trouble or be embarrassed by files being released that may not have been cleansed of attached metadata tags.Something similar happened here. Last week we received a Word document attached in an email from a customer. When we looked at the file, one sentence stood out since it was highlighted in yellow. When moving the mouse over it, a comment popped up.  While certainly not offensive, the comment was probably not intended for us to see.  Most likely, the comment was created by someone who reviewed the file for the sender, but before sending, the comment never got removed.Metadata tagging is clearly the trend.  And it isn’t limited to on-line social web sites.But it needs to be channeled and managed well.last_img read more

Women’s World Cup: Indians celebrate commanding victory against Pakistan

first_imgPeople across the nation celebrated the outstanding victory of the Indian women cricket team in the ICC Women’s World Cup against Pakistan.Elated Indians burnt crackers and raised slogans for the women team after the historic win against its arch-rival Pakistan. (Also read: Mithali Raj’s golden run comes to an end vs Pakistan)”India’s daughter has made the nation proud and has defeated Pakistan with such a big margin. The Indian women team took the revenge from Pakistan of the Champions Cup Trophy,” said a local.Another local added that the thumping victory of the team gives a message that nowadays women are not just being cornered in on four walls, but are rather coming up with lot of aims and exposures.”People should motivate Indian Women cricket team and should welcome them like they do it with the men’s team,” another local added.Spinner Ekta Bisht wreaked havoc as India thrashed arch-rival Pakistan by 95 runs in their ICC Women’s World Cup encounter at United Kingdom’s Derby.Defending a lowly target of 170 runs, the Indian women’s cricket team were spectacular with the ball as they didn’t allow their arch-rival to claim a historic win and bowled out Pakistan for just 74 runs in 38.1 overs.Ekta started casting her magic from the very start and was absolutely lethal, giving nothing away and picking wickets right from the beginning.Captain Sana Mir was the lone Pakistan batter who fought soulfully till the very end. However, her 29 runs off 73 balls couldn’t help her team register their first win of the tournament.advertisementThis was India’s third consecutive win in the tournament and are currently at the top of the points table. With this win India, have also maintained their cent percent record against Pakistan in ODIs.last_img read more

Minister Samuda Expresses Optimism for Sugar Industry

first_imgStory Highlights Minister of Industry, Commerce, Agriculture and Fisheries (MICAF), Hon. Karl Samuda, is expressing optimism for the sugar industry.Addressing the 80th Annual Conference of the Jamaica Association of Sugar Technologists (JAST), at RIU Ocho Rios resort, in St. Ann on Thursday (November 2), Mr. Samuda implored the stakeholders to press ahead with their cultivation, as it has been a ‘tried, tested and proven’ agricultural commodity.He said the advantages of cultivating sugarcane outweighs any associated negatives, especially due to its resilience to various climatic conditions, which has enabled it to thrive for centuries.“What is better than to plant something that is almost impervious to praedial larceny? Even flooding (it) will affect the quality of the sugar, but it is very temporary; as soon as it gets dry, it just springs up back again,” Mr. Samuda argued.The Minister, in underscoring the importance of the sugar industry to Jamaica’s economy, said the sector is extraordinary, as it serves some 200,000 Jamaicans indirectly and another 50,000 directly, and most importantly, unlike some other crops, has a guaranteed market.Mr. Samuda encouraged the stakeholders to address areas for potential partnerships with the MICAF, and urged them to devise new methods of production which will increase the level of output.This, he said, will ensure greater efficiency and enhance strategies aimed at including non-agricultural investors, to become participants in the industry.“So my plea to you today is, don’t feel discouraged even for a moment. You will be faced with challenges…don’t for a moment, allow yourselves to entertain any negative thoughts about your industry. Let’s move forward in confidence that this industry is going to rise again… I think we can do it; I am sure we can do it,” Mr. Samuda said. The Minister, in underscoring the importance of the sugar industry to Jamaica’s economy, said the sector is extraordinary, as it serves some 200,000 Jamaicans indirectly and another 50,000 directly, and most importantly, unlike some other crops, has a guaranteed market. Minister of Industry, Commerce, Agriculture and Fisheries (MICAF), Hon. Karl Samuda, is expressing optimism for the sugar industry. Addressing the 80th Annual Conference of the Jamaica Association of Sugar Technologists (JAST), at RIU Ocho Rios resort, in St. Ann on Thursday (November 2), Mr. Samuda implored the stakeholders to press ahead with their cultivation, as it has been a ‘tried, tested and proven’ agricultural commodity. last_img read more

Tough start to 2019 for stocks after weak data from China

first_imgNEW YORK — Global stocks are falling to start 2019 after more shaky economic news from China. The stock market turned volatile late in 2018 as investors grew increasingly worried about threats to global economic growth, and those concerns could define the market’s path new year as well.A government survey and one by a major business magazine showed Chinese manufacturing weakened in December as global and domestic demand both cooled. That weighed on big exporters Wednesday, with technology companies like Microsoft and Netflix and industrials like Boeing and Caterpillar taking sharp losses. The Dow Jones Industrial Average fell 300 points.The major U.S. indexes and the global market are coming off their worst year in a decade. The benchmark S&P 500 fell 6 per cent last year, its first substantial loss since 2008, and it’s fallen more than 15 per cent since late September. Many other stock indexes around the world fared even worse last year as traders saw signs the global economy was growing at a slower clip after a few years of strength.From September through the end of December, investors became more and more worried that challenges including U.S.-China trade tensions, rising interest rates, and political uncertainty could slow the economy and company profits more dramatically, and possibly tip the U.S. economy and the global economy into a recession. The U.S. economy has been expanding for almost a decade, and stocks have risen steadily over that time.The S&P 500 index fell 30 points, or 1.2 per cent, to 2,476 as of 9:45 a.m. Eastern time. The Dow fell 311 points, or 1.3 per cent, to 23,023. The Nasdaq composite dropped 96 points, or 1.5 per cent, to 6,538.The Russell 2000 index, which tracks smaller companies, shed 20 points, or 1.5 per cent, to 1,327. Most markets were closed on Tuesday for the New Years’ Day holiday.France’s CAC 40 fell 1.4 per cent and Germany’s DAX retreated 0.6 per cent. London’s FTSE 100 was down 0.7 per cent. Hong Kong’s Hang Seng tumbled 2.8 per cent and Seoul’s Kospi gave up 1.5 per cent. Tokyo’s markets were closed.Prices on long-term government bonds rose, a sign investors had concerns about economic growth and were looking for safer options. The yield on the 10-year Treasury note fell to 2.65 per cent from 2.69 per cent. The yield on the 2-year Treasury note fell to 2.48 per cent from 2.49 per cent.Among technology companies, Microsoft gave up 1.9 per cent to $99.60 and Apple fell 1.8 per cent to $154.88. Industrials were also weak, with Boeing down 2.2 per cent to $315.26 and Caterpillar falling 2.3 per cent to $124.16. Among internet stocks, Netflix shed 3.6 per cent to $258 and Alphabet, the parent company of Google, lost 1.2 per cent to $1,032.Benchmark U.S. crude lost 1.8 per cent to $44.59 per barrel in New York. Brent crude, used to price international oils, slumped 1.4 per cent to $53.05 per barrel in London. Oil prices fell sharply over the last three months of 2018 as investors reacted to the possibility of weaker demand for energy as economic growth slowed.All 11 of the stock groups that make up the S&P 500 were lower Wednesday morning. All but two of them finished last year with losses, as health care and utility companies made small gains.Electric car maker Tesla sank after its fourth-quarter vehicle deliveries fell short of Wall Street projections. The company also says it’s cutting the prices of its three different cars by $2,000 each to help customers handle the gradual phase-out of federal electric vehicle tax credits. The stock gave up 9.4 per cent to $301.65.The dollar fell to 109.31 yen from 109.61 yen. The euro fell to $1.1369 from $1.1445. The British pound slid to $1.2602 from $1.2752.____AP Markets Writer Marley Jay can be reached at Jay, The Associated Presslast_img read more

SD60 and 59 receiving money for school upgrades

first_imgVICTORIA, B.C. – The Province of B.C. has handed out $198 million to school districts for the School Enhancement Program.  A total of 176 projects from around B.C. will use the funding to make upgrades at local schools.In Peace River North, $1.2 million will be spent on roof upgrades at Bert Bowes Jr. Secondary, Robert Ogilvie Elementary and at Charlie Lake Elementary and three school buses will be replaced, costing $398,417.In Peace River South, $2.35 million will be spent on mechanical upgrades at Ecole Frank Ross Elementary and Dawson Creek Secondary and one school bus will be replaced, costing $127,562. “Students deserve to learn in schools that are well maintained and operating the way they should. That’s why we’ve boosted funding to these programs by more than $20 million over last year,” said Education Minister Rob Fleming. “We are supporting B.C. schools with this funding, so students, teachers and school district staff can focus their energy to where it matters most – in the classroom.”last_img read more

Rahul urges voters to vote for Nyay

first_imgNew Delhi: As voting for the second phase of polling started Thursday morning, Congress president Rahul Gandhi urged voters to “vote for Nyay” (justice). Gandhi also appealed to voters to vote for justice to the unemployed youth, struggling farmers, small businessmen and those who were persecuted due to their religion or caste. He used the hashtag “VoteNyayVoteCongress” with his appeal. “Nyay” is also the social welfare scheme announced by the Congress party in its election manifesto that promises to pay Rs 72,000 per annum to families living below the poverty line. The second phase of polling for Lok Sabha elections began today in 95 constituencies.last_img